In a statement Hyundai Motor Group said, by 2025 it would invest an additional $5 billion in the United States to strengthen its collaboration with U.S. firms in advanced technology. The investments were announced during US President Joe Biden’s visit… Read More ›
In a statement, Comau, the robotics unit of carmaker Stellantis said, it has appointed Pietro Gorlier as its chief executive officer, with effect from April 1. Stellantis was created in 2021 following the merger of Fiat Chrysler and Peugeot-owner PSA. Although… Read More ›
On Monday, in a statement SoftBank Group Corp said, Hyundai Motor Group has completed the acquisition of Boston Dynamics, a robotics firm, from the Japanese conglomerate. The deal, announced in December 2020, valued Boston Dynamics at $1.1 billion, and saw… Read More ›
Strangely, although warfare took to the skies centuries after occurring on land, it turns out that the air is a simpler environment for automated weapons. But drone technology has developed sufficiently to enter the land environment, by capitalizing on civilian… Read More ›
On Friday, in a significant development, German Economy Minister Peter Altmaier said, it is critical that Germany sets up a new government body which will have the power to quickly decide whether it should take stakes in strategic domestic companies… Read More ›
Bjorn Rosengren will be joining Swiss-Swedish robotics and engineering group ABB Ltd as CEO in February 2020. Swedish engineering group Sandvik stated, its Chief Executive Officer Bjorn Rosengren will be stepping down from 2020; he will be joining Swiss-Swedish robotics… Read More ›
Fears of trade wars and with lower demand from China are some of the significant variables in the cooling of Germany’s exports of industrial automation and robotics. On Tuesday, Germany’s VDMA, a mechanical engineering association stated, sales of automation equipment… Read More ›
In order to better compete with arch rival Amazon.com, Wal-Mart is hoping to profit from the benefits of its investment arm, which will focus on tech startups, so as to better compete in its e-commerce push. The world’s largest brick… Read More ›
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